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Property profile & analytics
OFF-MARKET
Estimated value
$2,975,000
Office buildings
974 Vermont Ave Los Angeles, CA 90006-1611
Entity Owned
16-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-7288814
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1980
Construction
WOOD
Total area
10,200 SF
Lot
0.15 ac (6,514 SF)
Zoning code
LAC2
APN
5076-001-030
UPID
US09-7288814
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Italee Optics, Inc Ophthalmologist (Bike/Boat/Book/etc) Store
-
I T Optics Inc Ophthalmologist (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.98M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.98M
Owner & transaction history
974 & 978 South Vermont LLC · 16 yrs held
974 & 978 South Vermont LLC
since 2009
7 recorded transactions
Zoning & alternative use
LAC2 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Los Angeles submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Los Angeles submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,305,000
6.5%
$3,975,000
7%
$3,690,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,645,000
Change: -9% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$4,320,000
Change: -16% · Conversion: Difficult
RETAIL STORES
$4,190,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$2.98M
Range $2.68M – $3.27M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$292 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$34,575
Tax year 2024
Assessed value
$2,784,118
Assessed 2024
Previous assessed
$2,784,118
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$1,392,059
Assessed improvement
$1,392,059
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1980
Construction
WOOD
Heating
NONE
Stories
1
Total area
10,200 SF
Lot
0.15 ac (6,514 SF)
Zoning code
LAC2
APN
5076-001-030
UPID
US09-7288814
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · Los Angeles, CA
Zoning LAC2 · permitted uses
LAC2 · Los Angeles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Los Angeles. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$4.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.3M
RETAIL STORES
Est. value
$4.2M
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
974 & 978 South Vermont LLC
Entity
Free & Clear · 16 yrs held
Mailing address
978 S VERMONT AVE, LOS ANGELES, CA 90006-1611
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2009
—
974 & 978 South Vermont LLC
Kim,jee Y
Grant Deed
—
Dec 11, 2002
—
Jee Y Kim
—
Deed Of Trust
related
$1,615,100 · Nara Bank
Jul 17, 2001
$2,350,000
Jee Y Kim
Vermont Center Co INC
Grant Deed
$1,527,500 · Wilshire State Bank
May 14, 1999
—
Vermont Center Co INC
—
Deed Of Trust
related
—
Mar 31, 1989
$2,060,000
Vermont Ctr
Southland Exchan
Trustees Deed
$1,315,000 · Sumitomo Bank
Mar 31, 1989
$1,162,636
Southland Exchan
Lee
Trustees Deed
related
—
Jan 27, 1989
$1,500,000
Lee Chung K
Lee
Grant Deed
related
$900,000 · Sumitomo Bank
—
—
Vermont Ctr Co
—
Deed Of Trust
related
$500,000 · Kolon California Cor
—
—
Vermont Center Co INC
—
Deed Of Trust
related
$800,000 · Hanmi Bank
—
—
Vermont Center Co
—
Deed Of Trust
related
$1,000,000 · California Center Bank
—
—
974 & 978 South Vermont LLC
—
Deed Of Trust
related
$630,000 · Nara Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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